IShares Currency Correlations
| HSCZ Etf | USD 34.13 0.26 0.77% |
The current 90-days correlation between iShares Currency Hedged and iShares Currency Hedged is 0.96 (i.e., Almost no diversification). The correlation of IShares Currency is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
IShares Currency Correlation With Market
Very poor diversification
The correlation between iShares Currency Hedged and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares Currency Hedged and DJI in the same portfolio, assuming nothing else is changed.
Moving together with IShares Etf
| 0.84 | SCZ | iShares MSCI EAFE | PairCorr |
| 0.9 | VSS | Vanguard FTSE All | PairCorr |
| 0.84 | GWX | SPDR SP International | PairCorr |
| 0.81 | ISCF | iShares MSCI Intl | PairCorr |
| 0.82 | DFIS | Dimensional ETF Trust | PairCorr |
| 0.9 | IDE | Voya Infrastructure | PairCorr |
| 0.8 | IFEB | Innovator ETFs Trust | PairCorr |
| 0.64 | SFVRX | Seafarer Overseas Value | PairCorr |
| 0.9 | VEA | Vanguard FTSE Developed | PairCorr |
| 0.65 | FEUZ | First Trust Eurozone | PairCorr |
| 0.91 | AVES | Avantis Emerging Markets | PairCorr |
| 0.66 | HERO | Global X Video | PairCorr |
| 0.82 | FLHK | Franklin FTSE Hong | PairCorr |
| 0.95 | SEEM | SEI Select Emerging | PairCorr |
| 0.89 | EUSC | WisdomTree Europe Hedged | PairCorr |
| 0.61 | DOL | WisdomTree International | PairCorr |
Moving against IShares Etf
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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IShares Currency Constituents Risk-Adjusted Indicators
There is a big difference between IShares Etf performing well and IShares Currency ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze IShares Currency's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HAWX | 0.88 | 0.07 | 0.06 | 0.04 | 1.48 | 1.89 | 7.60 | |||
| ISCF | 0.92 | 0.19 | 0.12 | 0.20 | 1.39 | 1.96 | 9.34 | |||
| HEEM | 1.00 | 0.08 | 0.06 | 0.06 | 1.39 | 1.84 | 7.95 | |||
| HEWU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HEWC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |